2023-06-30
Taiwan, as a global leader in semiconductors, has become an important partner to major international high-end chip and semiconductor brands. Applications for automotive semiconductors (i.e., automotive electronics, vehicle safety, mobile assistance, communication multimedia, and automotive ICs, etc.) has also been established as a niche field in Taiwan.
Our manufacturing capabilities are also trusted by major global automotive companies. According to statistics, domestic output value of automotive electronics was approximately NT$355 billion in 2022-a number that is projected to grow to NT$600 billion in 2025, with a high compound annual growth rate of 14%, due to the continuous development of smart and autonomous driving technology.
To enhance investment cooperation between foreign businesses and domestic industries, the Department of Investment Services of the MOEA, held the 2023 Online Industry Investment and Business Opportunities Exchange for the European Region on June 29.
By partnering with overseas diplomatic missions and economic divisions in the UK, the Netherlands, Denmark, Switzerland, Italy, Germany, Frankfurt, France, Spain, and Sweden, the DOIS invited major global companies like Volvo, Valeo, and FCA Italy to join in online, and took the opportunity to share the investment environment, capacities, and opportunities within Taiwan`s automobile semiconductors.
InvesTaiwan CEO Emile M. P. Chang, in his opening remarks, stated that Taiwan maintains its key role and position with global industries, despite many worldwide economic impacts such as US and China trade conflicts, global inflation, Russian invasion of Ukraine, etc. As such, he invited European businesses to invest in Taiwan and enter global markets together.
SEMI Senior Director Jo-Ann Su, shared development trends in the global and Taiwan semiconductor industries and pointed out that in recent years, international enterprises have been working closely with Taiwan companies to promote the growth of the automobile semiconductor industry-recognition from global automobile brands for the technology and innovation of Taiwan`s semiconductor industries.
Jason Huang, President of Sentec-Taiwan`s leading integrated manufacturer of automotive and motorcycle electromechanical systems-discussed applications of compound semiconductors in next-generation vehicles. He also explained the structure of the global supply chain for EV power modules, as well as advantages and investment opportunities of Taiwan`s industrial chain.
Through the event, DOIS gained a better understanding of the investment needs of foreign businesses, conveyed Taiwan`s investment environment, and enhanced the inclination to invest in Taiwan. A US session is slated for August and shall focus on opportunities for collaboration in satellite communication ground equipment, aiming to encourage foreign businesses to invest in Taiwan.
Spokesperson:Li Min-Hsi, Deputy Director General, DOIS
Tel.:02-2389-2111 ext. 812, 0966-118-638
E-mail:mhlee@moea.gov.tw
Contact:Ms. Chen Ying-Ju, Section Chief, DOIS
Tel.:02-23892111 ext. 210
E-mail:yjchen2@moea.gov.tw
Source： Department of Investment Services, MOEA
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